Thursday’s $3.2 billion settlement with Morgan Stanley was touted by federal and state prosecutors as a major victory in their attempts to hold banks accountable for the 2008 financial crisis, but critics say the deal undermines recent proclamations that prosecutors would seek to take action against individuals.
Uber said Thursday it will pay $28.5 million to resolve a proposed class action filed in California federal court that accuses the ride-hailing company of misleading consumers about its “safe rides fee” and the quality of its driver background checks.
Dickstein Shapiro LLP announced Thursday that it has struck a deal to move more than 100 of its Washington, D.C., and New York attorneys and staff to Blank Rome LLP, after months of lawyer departures and buzz of failed merger talks with other firms.
The Manhattan District Attorney charged four people with manslaughter in connection with a gas explosion last year that killed two individuals, saying on Thursday the building owner and manager along with two contractors had illegally tapped a gas line and hid it from Con Edison inspectors.
Dish Network and Fox have reached a settlement to end their four-year copyright battle over the satcaster’s ad-skipping, place-shifting Hopper DVR, the companies said Thursday.
Medicare regulators on Thursday relaxed an obligation for doctors and hospitals to return overpayments within 60 days to avoid False Claims Act liability, reducing how far they need to look back for excess reimbursement and giving ground on when the clock starts ticking.
Morgan Stanley on Thursday agreed to pay $3.2 billion to resolve claims that it misled investors about mortgage-backed securities before the financial crisis, New York Attorney General Eric Schneiderman said.